Advanced Lead-acid Battery Market Size to Grow by $ 3.08 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the advanced lead-acid battery market and it is expected to grow by $ 3.08 bn, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Advanced Lead-acid Battery Market: Emerging Trends to Impact Market Growth

Increased adoption of microgrids to emerge as a key trend in the industrial advanced lead-acid battery market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Advanced Lead-acid Battery Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AHCZS, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., and The Furukawa Battery Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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The advanced lead-acid battery market has the potential to grow by USD 3.08 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.70%.

This advanced lead-acid battery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (automotive, stationary, and others) and geography (APAC, EMEA, and Americas). The advanced lead-acid battery market report also offers information on several market vendors, including AHCZS, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., and The Furukawa Battery Co. Ltd. among others. View Free Sample Report

APAC to dominate market growth during the forecast period

• 60% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for advanced lead-acid batteries in APAC. However, market growth in this region will be slower than the growth of the market in EMEA and the Americas. The increased adoption of automobiles and an increase in the demand for ESSs for utility and motive applications will facilitate the advanced lead-acid battery market growth in APAC over the forecast period.
• The advanced lead-acid battery market share growth by the automotive segment will be significant during the forecast period. Lower interest rates, low fuel prices, and increasing spending capacity of the population in developing countries such as China and India have been identified as the key factors that will drive the growth of the automotive segment. 
• The increasing adoption of microgrids is a significant trend that will affect the advanced lead-acid battery market landscape. The intermittent power generation by renewables will drive the demand for advanced lead-acid batteries for energy storage applications during the forecast period.

Advanced Lead-acid Battery Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AHCZS, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., and The Furukawa Battery Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Advanced Lead-acid Battery Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive Advanced Lead-acid Battery Market growth during the next five years
• Precise estimation of the advanced lead-acid battery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry across APAC, EMEA, and Americas
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Advanced lead-acid battery market vendors